Big Marketing Data achieves €450,000 in new equity financing
Our client has developed a big data consolidation platform to store all online data relating to a company and its competitors in real time and present this via a fully tailored interactive, data mineable dashboard. The business founders, with extensive experience in financial services, data and tech, already had strong commercial traction with five international retail banks subscribed and anticipated sales of €700k per annum by the end of 2015 but wanted to accelerate growth with a further investment of €500k/£400k into business development and IT.
We knew this opportunity would suit one of our investors with a background in retail financial services and/or online marketing. We jumped into action finding a first investor, a business angel with sectoral experience at Chairman Level, who completed within two weeks of meeting our client. This gave the company time to conclude a larger deal on good terms with a second investor who concluded negotiations within two months at the asking valuation, bringing with them a syndicate of four investors.
At B&Y we continue to be active across all markets from development capital for established firms, exceptional early stage businesses and of course, turnaround. We raise capital through our business angel network with investments ranging between £250,000 to £5million so please do feel free to get in touch to see how can help.